“The BTOP FX Index seeks to replicate the overall composition of the currency sector of the managed futures industry with regard to trading style and overall market exposure,” says Sol Waksman, founder and president of BarclayHedge. “The index allows investors and currency managers to accurately compare their returns with a recognised benchmark on a daily basis.”

The BTOP FX Index was designed to be an investible subset of the more broadly based Barclay Currency Trader Index, which has data going back to 1987. There is currently no tracker fund available that attempts to replicate the performance of the BTOP FX.

The BTOP FX Index employs a top-down approach in selecting its constituents. The largest investable currency trading programmes, as measured by assets under management, are selected for inclusion in the BTOP FX Index.